Ramelius Resources completed the acquisition of an 18% stake in Spartan Resources from Tembo Capital for AUD46.7m.

Ramelius Resources, a Western Australian gold producer, completed the acquisition of an 18% stake in Spartan Resources, a gold exploration company, from Tembo Capital, a private equity firm, for AUD46.7m. “Ramelius has an enviable portfolio with multi-stage operations and a development project that is underpinned by the long-life low-cost Mt Magnet operation. We also have extensive greenfield exploration opportunities and our investment into Spartan Resources provides us with a strategic addition to the portfolio,” Mark Zeptner, Ramelius Resources Managing Director.